Mutual fund SIP: To accumulate Rs 10 crore through SIP in 25 years, you have to keep in mind 2 most important things. First, how much return are you getting and second, how much money are you investing every month.
Mutual fund SIP is now becoming the favorite investment option of common people. Common people of the country are now investing in SIP in large numbers. If a person is looking for a better option of investment for the long term, then mutual fund SIP can be a good option. Official data of AMFI shows that SIP has given tremendous profit to investors in the long term. Today we will know here how much SIP will have to be done every month to create a corpus of Rs 10 crore in 25 years?
Your investment depends on these 2 important things
To accumulate Rs 10 crore through SIP in 25 years, you have to keep in mind 2 most important things. First, how much return are you getting and second, how much money are you investing every month.
10 years of step-up will do the job
If you have 25 years of time and you want to create an amount bigger than 10 crores, then you can also take the help of step-up. If you start SIP with Rs 24,000 and do a step-up of 10 percent every year, that is, you increase your SIP amount by 10 percent every year, on which you get an average estimated return of 12 percent every year, then in 25 years you can create a corpus of Rs 10.11 crore.
If you get a return of 15 percent, then you will have to enjoy
If you get an average estimated return of 15 percent every year during the investment of 25 years, then you will have to start SIP with Rs 23,000 and do a step-up of 5 percent every year. With this investment strategy, you can create a corpus of Rs 10.31 crore in 25 years.
You have to take special care of these things
Here you have to keep in mind that to achieve your goal, you have to continue SIP without stopping and keep doing step-ups with full discipline. If you make any mistake anywhere, then it may take you more time to achieve your goal.
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